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Banks Face ‘Hacktivist’ Cyberattacks
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Hello. Politically motivated hackers are the main driver behind a surge in denial-of-service attacks against banks and other financial services firms worldwide.
Plus, hackers are using new and more aggressive tactics to take down or slow access to companies’ websites and online services, according to new research from the Financial Services Information Sharing and Analysis Center and cyber company Akamai Technologies. Read our exclusive story.
Also today, we have the latest on the Change Healthcare hack: The U.S. Health and Human Services Department said it would relax certain requirements around Medicare prescriptions and consider advance payments for struggling healthcare facilities, in the first major federal government action since a cyberattack crippled the flow of money through the health system two weeks ago. More here.
Other news:
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Canada's financial intelligence agency deals with cyber incident
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CrowdStrike's rosy outlook
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Fidelity Investments Life Insurance discloses data breach
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Greek spyware company sanctioned
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Happening Wednesday: Federal Trade Commission's privacy conference
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And more
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CONTENT FROM: Netscout
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PHOTO: CHRIS WATTIE/REUTERS
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Cyber incident at Canada's financial intelligence agency: The Financial Transactions and Reports Analysis Centre of Canada took corporate systems offline as it responds to an unspecified cyber incident, the agency said, adding that classified and intelligence systems aren't involved.
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Fidelity unit notifies customers of third-party cyberattack. More than 28,000 people had their sensitive information exposed in an intrusion at a technology-services provider used by Fidelity Investments Life Insurance. Infosys McCamish informed the insurer of the incident in early November, Fidelity said.
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More than 57,000 Bank of America customers were involved in the same incident, Infosys McCamish said.
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PHOTO: NATI HARNIK/ASSOCIATED PRESS
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‘You are my secret informant love!’ As U.S. military and intelligence officials formulated ways to blunt Russia’s full-scale invasion of Ukraine two years ago, David Slater, a retired Army lieutenant colonel with access to top-secret briefings, was allegedly feeding classified information about military targets and capabilities to a romantic interest via a foreign dating app. (WSJ)
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PHOTO: YIANNIS KOURTOGLOU/REUTERS
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Greek spyware company sanctioned. Cyprus-based Intellexa Consortium was designated by the U.S. Treasury Department on Tuesday, accused of providing its Predator surveillance tools to spy on U.S. government officials, journalists and others. Intellexa founder Tal Dilian (pictured) was also sanctioned, along with another individual and entities related to the company.
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PHOTO: VALERIE PLESCH
/BLOOMBERG NEWS
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Happening Wednesday: The Federal Trade Commission holds PrivacyCon, a day-long virtual event on trends and research in consumer privacy issues. Topics include worker surveillance, children's privacy and AI. FTC Chair Lina Khan is scheduled to open the event at 9:00 a.m. ET.
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CrowdStrike shares surged in late trading after the company forecast another year of sharp revenue growth. The stock was up 18% in the late session, following a 5.2% slide in regular trading. Shares had more than doubled in the last year. CrowdStrike forecast 28% to 30% revenue growth in fiscal 2025, following a 36% increase in revenue in the previous year. Analysts are expecting revenue of $3.94 billion, according to FactSet, which would represent growth of nearly 29%. (WSJ)
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Venture investor Team8, based in Israel, said it has raised $500 million for new funding. Team8 invests in cybersecurity, artificial intelligence and other tech companies. (Reuters)
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Startup DTEX Systems raised $50 million in a Series E funding round led by Alphabet’s funding unit, CapitalG. DTEX makes tools to spot insider threats by monitoring online behavior.
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